Dump the Clunker:Cash-in-for-New-Fuel-Efficient-Vehicle

It's time to dump your clunker and cash in for a new fuel-efficient ~ car,truck,van or SUV. Cash for Clunkers is a program approved by the government. How the program works? The bill is designed to encourage people(Americans)to purchase new vehicles and boost the declining automotive industry.



Clunker Program Incentives:



New car buyers will get either $3,500 or $4,500 tax credit voucher in incentives - for those who are willing to trade in your gas-burning car,truck,van or SUV - for more slow-burning-gas vehicles.The $106 Billion dollar Cash for Clunkers auto stimulus package was approved by Congress. Cash for Clunkers Bill is designed to improve the environment. The government is going GREEN; less pollution on the streets.


Cash for Clunkers Tax Credit break down:



Trade-in vehicles must be rated at no more than 18 mpg to qualify, meaning it will benefit truck, SUV and van owners more than passenger car owners. For those who trade in a car that gets at least 4 mpg more, they’ll receive a $3,500 voucher; pick a car that averages 10 mpg more and those buyers will get an extra $1,000 for $4,500 total.


Car Allowance Rebate System - Qualifications:



1. Your vehicle must be less than 25 years old on the trade-in date( Meaning if you trade in this year 2009, the vehicle can be no older then 1984)

2. You can only purchase or lease of new vehicles qualify.(At least a 5 year lease if you want to use the tax credit voucher; only if you lease a vehicle)

3. Your trade-in vehicle must be registered and insured continuously for One year preceding the trade-in(You can't just trade any old clunker in;also the car have to be running.)

4. Find your car's mpg rating on the window sticker, or go to:(Source) cars.gov.

5. You don't need a voucher, dealers will apply a credit when you purchase your new fuel-efficient vehicle(Also Dealerships have to ensure that the car gets crushed; after the purchase of your new vehicle.)



Positive side of the Car Allowance Rebate System(CARS):




Most car dealerships are running extra incentives and flexible car loans during the Cash for Clunkers duration. 4500 car tax credit is the max or cap.The best part of program;you are getting paid to dump your old car.






Car Allowance Rebate System applies to U.S States only: